(1) A member of the Accounting Standards Board shall cease to hold his or her office in any of the following circumstances:
(a) If the member tenders resignation;
(b) If the member absents himself or herself from three consecutive meetings of the Accounting Standards Board without giving a notice;
(c) If the member is convicted by a court of a criminal offence involving moral turpitude and punished for such offence;
(d) If the member becomes insane;
(e) If the member dies;
(f) If, in the case of a member of the Institute, the name of the member is removed from the membership register pursuant to Section 22.